Can you help me figure out the right insurance coverage for my Toyota RAV4?
"I'm trying to figure out my auto insurance coverage and I don't know which limits to choose.
Should I go with enough to cover my net worth or assets? How much would be enough to cover medical bills?"
“Broadly speaking, you should get however much insurance coverage you can afford. You always want to get the highest amount of insurance coverage possible.
Most experts recommend carrying at least $100,000/$300,000 in bodily injury liability. While you may not have that much in assets, these limits will reduce the amount you may need to pay out of pocket should you injure someone in an accident.
Medical bills and expenses can add up very quickly. Once your coverage limits are exhausted, the other party’s insurance could pursue you to recover any additional costs.
To get an idea of what coverage you can afford, you should shop around and request car insurance quotes online. You can also reach out to an agent to discuss which coverage options you can afford.”
Did this answer help you?
Ask us a question by email and we will respond within a few days.
Have a different question?
You can meet us at our office and discuss the details of your question.
Read advice from car experts at Jerry
Browse by topics
What others are asking
Do you have to make a certain down payment to finance a Porsche?
Does Porsche (or other lenders) require a certain down payment to finance the vehicle? I want to buy a Porsche, but I also want the lowest monthly payments possible.
Jul 13, 2021
"Is it a good idea to finance my first car at age 18? "
"I just turned 18 and have been driving a beater for two years. It broke down for the fourth time and I am tired of fixing it. Should I finance a better car? If it matters, I make about $200 per week, I can put $2,000 down, and I have a minimal credit history. "
May 05, 2021
Which car insurance company has the happiest customers?
"Which car insurance company has the highest customer satisfaction scores? It's important to me that I choose a company that has high customer satisfaction."
Jul 28, 2021